Federal Stone Industries, Inc
Federal Stone Industries, Inc is an other concrete product manufacturing business in Emmitsburg, Maryland, classified under NAICS code 327390. The company financed real estate or equipment through an SBA 504 loan of $2,253,000, approved on November 24, 2023, through lender ACNB Bank with the Business Finance Group, Inc. as the certified development company.
SBA 504 loan, approved Nov 24, 2023
$2,253,000 SBA portionCDC: Business Finance Group, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,253,000
- Bank portion
- $3,900,000
- Estimated project size
- $6,836,667 (estimated)
- Estimated owner equity
- $683,667 (estimated, about 10% of the project)
- Bank lender
- ACNB Bank, Gettysburg, PA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 24, 2048 (estimated, approval date plus term)
- First disbursement
- Jun 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 327390, Other Concrete Product Manufacturing
- Project location
- Frederick County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-8
- Collateral
- Yes
Estimated share of project by source
Bank 57% SBA (CDC) 33% Owner 10%
- Average expansion loan in Other Concrete Product Manufacturing: $2,824,250.
- Average expansion loan in Maryland: $2,350,795.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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